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i's an ipad, iphone fan. >>> another option on the fiscal cliff negotiating table being considered is raising the age when seniors can start receiving medicare to help ease our debt burden. what do you think, bob pisani? raise the age. is it a good idea? >> of course it is going to help us. we should consider that. that's the most likely thing on the cable. what i'm worried about here, it is very easy to say we'll save a bunch of money, pick a number, $6 billion or whatever the number if we take it off. where do the people go? those 65 to 67-year-olds will go into the private system where these exchanges we're going to have. they're likely going to pay more money there and the premiums are going to go up because of all those seniors. so it isn't free! that's my point. it is not just the government saves money, other people, those seniors are going to pay to be in those exchanges. >> there's no free lunch. >> nothing. >> i think there is good news that with this administration we don't have to worry about having another debate about privatizing social security. you and i, bob, are prob
i's an ipad, iphone fan. >>> another option on the fiscal cliff negotiating table being considered is raising the age when seniors can start receiving medicare to help ease our debt burden. what do you think, bob pisani? raise the age. is it a good idea? >> of course it is going to help us. we should consider that. that's the most likely thing on the cable. what i'm worried about here, it is very easy to say we'll save a bunch of money, pick a number, $6 billion or whatever the...
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bob, can you really make a deal on the fiscal cliff when the negotiation is out in public? do you think we'll get a deal done? that's what everybody wants to know. >> if everybody thinks we ought to get to a deal, we'll get to a deal. the public part of this, obviously, it's different. you got to get 435 people to vote in the house and 100 in the senate. different than getting a board to approve a fundamentally, getting to a deal is about understanding expectations. this public thing is a very good point. it couldn't be different. when two ceos are meeting to do a merger negotiation, one guy shows up in jeans, and the other guy has sunglasses on. they meet at the o'hare hilton. they don't want anybody to know about it. >> wait a minute. let's point this out. go ahead, jeff. >> the risk is taking the worst part of what wall street does, which is this negotiation of do a deal, do a deal, do a deal, do any deal. that's what happened with hp-autonomy. that's what you don't want to take from wall street in this situation. >> let's face it. a ceo is judged on success by the botto
bob, can you really make a deal on the fiscal cliff when the negotiation is out in public? do you think we'll get a deal done? that's what everybody wants to know. >> if everybody thinks we ought to get to a deal, we'll get to a deal. the public part of this, obviously, it's different. you got to get 435 people to vote in the house and 100 in the senate. different than getting a board to approve a fundamentally, getting to a deal is about understanding expectations. this public thing is a...
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. >> let's get to our guest host for more on the fiscal cliff negotiations. joining us now for the rest of the show, senator john thune, chairman of the senate republican kovrns conference. a member of the budget, commerce and finance committees and the third ranking republican in the senate. and, tall, great suit. you're like 6'2", aren't you? 6'1"? >> actually more like 6'4". you're sitting down. >> i'm sitting down. didn't want to give you credit for those extra -- anyway. you cut -- i like the cut of this man's jib. anyway, senator, you have made the point that the debt ceiling is another place where the gop might have some leverage. you heard senator corker. does that speak to you? does that make sense to you to give on the 2%, and then use the debt ceiling to really extract some entitlement cuts? >> ideally, joe, i think what we'd like to see is a deal right now that includes a restructuring entitlement programs. that's what drives federal spending. we can't solve this on the revenue side. and, you know, we've got colleagues right now that are san diego
. >> let's get to our guest host for more on the fiscal cliff negotiations. joining us now for the rest of the show, senator john thune, chairman of the senate republican kovrns conference. a member of the budget, commerce and finance committees and the third ranking republican in the senate. and, tall, great suit. you're like 6'2", aren't you? 6'1"? >> actually more like 6'4". you're sitting down. >> i'm sitting down. didn't want to give you credit for those...
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on the negotiations on the fiscal cliff. obviously optimism is running high right now. we're up five days in a row now on the dow jones industrial average. as far as what the markets are doing, we're being led today by tech stocks. apple is having a decent day although it still doesn't have a trading range. at least not in my opinion. it's trying to trade between 500 and $600. i don't know which way it's going to go. texas instruments having a very good day. rauzed their fourth quarter outlook. they're getting out of the mobile chip market. altera is okay. two sectors having a big day. defense stocks, number one. who would have thought? what sequestration worries are there? this is a historic high. the philadelphia defense index, the main index everyone watches in defense stocks, historic high today. all the big name defense stocks are to the upside. raytheon, northrop, rockwell. all are up and outperforming the market this month. who would have thunk it? say what you will. these stocks are having big worries on sequestration. put up my two main points and i'll tell you
on the negotiations on the fiscal cliff. obviously optimism is running high right now. we're up five days in a row now on the dow jones industrial average. as far as what the markets are doing, we're being led today by tech stocks. apple is having a decent day although it still doesn't have a trading range. at least not in my opinion. it's trying to trade between 500 and $600. i don't know which way it's going to go. texas instruments having a very good day. rauzed their fourth quarter outlook....
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speaker boehner commenting earlier this hour about the fiscal cliff negotiations. let's listen. >> this plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and as planned, does not begin to solve our debt crisis. it actually increases spending. >> joined now by an incoming member of the senate, jeff flake, representing arizona's sixth district. good morning. glad to have you. >> thanks for having me on. >> awfully tough to get a read this morning. a lot of the public commentary has been critical, as you know. but we are seeing signs that at least the talks are progressing. we've got counteroffers going back and forth. are you more or less optimistic than you were, say, last week? >> i've gone back and forth week to week. thinking we'll get a deal. then we won't. today, i think it's probably just better than 50/50 that we get a deal. it likely won't be until after christmas. >> yeah, the calendar -- that seems to be the issue right now. you're running out of time to get it done this year. >> it looks like it
speaker boehner commenting earlier this hour about the fiscal cliff negotiations. let's listen. >> this plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and as planned, does not begin to solve our debt crisis. it actually increases spending. >> joined now by an incoming member of the senate, jeff flake, representing arizona's sixth district. good morning. glad to have you. >> thanks for having me on. >>...
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cliff negotiations. the democratic leadership is preparing to respond. we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren buffett will be buying back stocks. he was never going to buy back stock or split the stock. he was never going to put the stock in the s&p 500. if this is not hypocritical to the maximum level -- no, no, no. he has changed. >> oh, a long time ago. >> a long time ago. never believed in buybacks. never would split a stock into the "b" shares and would never go into the s&p 500. you don't want closet indexes owning the name. that's some of the hypocrisy. but given the fact that he took out one o
cliff negotiations. the democratic leadership is preparing to respond. we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal"...
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el are, the fiscal cliff negotiations have been discounted by the market. and there seems to away great deal of optimism in the market that congress will come to a deal. so the outlook for 2013 is actually quite good, particularly after the fed's speech yesterday, the chairman's speech about holding interest rates very low until mid 2013. tying them into the unemployment rates and low inflation. really, it looks like equities are a good place to be because we're in a situation of financial repression where interest rates are going to be held low for at least another three years. >> kevin, let's talk a little bit about that fomc meeting. what's the market response to this idea of tieing the fed's response to the unemployment rate and inflation? >> well, a couple of quick moves because that the curve steepened. and, in fact, bond investors exited the market rather aggressively after a long holding period. so i think that overall, ta kind of structure will work well in 2013. but in the near term, the initial reaction on that change basis looks like they don't
el are, the fiscal cliff negotiations have been discounted by the market. and there seems to away great deal of optimism in the market that congress will come to a deal. so the outlook for 2013 is actually quite good, particularly after the fed's speech yesterday, the chairman's speech about holding interest rates very low until mid 2013. tying them into the unemployment rates and low inflation. really, it looks like equities are a good place to be because we're in a situation of financial...
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coming up we'll talk about the latest developments for the fiscal cliff negotiations with a former senate banking committee economist and the former chairman of the white house council of economic advisers. perhaps even more importantly rick santelli will be live from chicago. >> hello, simon. i'll tell you what, make sure you come back in about five minutes. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. >>> let's get to the group this monday morning, check in with rick santelli and get the santelli exchange. >> good morning, carl. to me, if you're trying to work with individuals to solve the problem, trust and honesty are very big components of that relationship working. and i'll tell you what, my theme of late has been that the
coming up we'll talk about the latest developments for the fiscal cliff negotiations with a former senate banking committee economist and the former chairman of the white house council of economic advisers. perhaps even more importantly rick santelli will be live from chicago. >> hello, simon. i'll tell you what, make sure you come back in about five minutes. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for...
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we're going to have a fight on the fiscal cliff. another on the debt ceiling. it's destroying confident in the markets and what bothers me, larry, you know the subprime crisis hit like that. there was no warning. we could have another one like that. >> somebody has to control spending. i think the debt ceiling over a period of time is one way to do it. i'm sorry to you both. i have to get out of here. >> only roughly 800 billion apart. they can come together and solve it. >> i think the main tax -- >> for the good of the country. i'm probably not going to like the deal but that's probably what will happen. >> thank you so much. quick programming note. i will come to you life from our nation's capital tomorrow night as part of cnbc's special all day coverage. rise above, mission critical. now how do you like this scenario? the u.s. government using our tax money to build up an electric battery firm but after it fails the company sells out to a chinese outfit who takes advantage of our own taxpayer dollars. now producing for japan. there is something wrong with t
we're going to have a fight on the fiscal cliff. another on the debt ceiling. it's destroying confident in the markets and what bothers me, larry, you know the subprime crisis hit like that. there was no warning. we could have another one like that. >> somebody has to control spending. i think the debt ceiling over a period of time is one way to do it. i'm sorry to you both. i have to get out of here. >> only roughly 800 billion apart. they can come together and solve it. >> i...
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cliff by year end. 44% predict failure in the ongoing negotiations. >>> let's get back to the jobs report due out, in less than 30 minutes, joining us now is mark zandi, chief economist at moody's analytics and jared bernstein former economic adviser to vice president joe biden. he has the finest nod and smile when he's introduced of any of our guests, he's currently a senior fellow. do you practice in front of a mirror, jared? >> i'm just so happy to see you guys. >> it's totally natural the way it happened. >> this is what i like to do at 7:00 a.m. in the morning. it's 8:00 now. this is what i like to do at 8:00 a.m. in the morning. >> we're glad to have you. >> especially with mark "hurricane" zandi. >> i know. he's a boxer. the hurricane. >> the hurricane zandi. >> i got to work on my smile. i have no hair. i better get the smile right. >> you just mentioned jeffries moving up its dividends. d.r. horton is the latest. it's now saying its dividends for all of 2013 will be accelerated and paying 15 cents a share paying at the end of this year. >> the corporate scum that keeps declaring
cliff by year end. 44% predict failure in the ongoing negotiations. >>> let's get back to the jobs report due out, in less than 30 minutes, joining us now is mark zandi, chief economist at moody's analytics and jared bernstein former economic adviser to vice president joe biden. he has the finest nod and smile when he's introduced of any of our guests, he's currently a senior fellow. do you practice in front of a mirror, jared? >> i'm just so happy to see you guys. >> it's...
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the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. it's about doing right by the american people. >> i think if people would get in the room and leave their ego behind, and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> poppy harlow is joining us with more. we've been talking about how this will affect us. schultz says this goes way beyond our boarders. >> it's global. something that stuck with me talking to him about this, the people who need a deal most will be hurt t
the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for...
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cliff negotiations. different than a year and a half ago when the president dealt only with republicans in congress. this time he is taking the case to americans and getting outside of washington, d.c. congressional republicans not so happy that the president is doing this. >> we understand that. paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good idea? >> i think it is a good idea. >> if you look at the accounts of the negotiations of 2011 when you had boehner, mcconnell, nancy pelosi all in one ba bainer and the president who were on the phone meeting privately. they could go fwook their constituents and boehner could go to eric cantor and see what kind of deal they could get. but that was the dynamic that came the closest. >> they didn't have control of their parties basically right? does john boehne
cliff negotiations. different than a year and a half ago when the president dealt only with republicans in congress. this time he is taking the case to americans and getting outside of washington, d.c. congressional republicans not so happy that the president is doing this. >> we understand that. paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with...
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. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a
. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with...
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cliff. >> how does it play into fiscal cliff negotiation? >> you would think it gives them a sobering sense of if we do the right thing, maybe the economy keeps growing, if we do the wrong thing, might tip the united states. some think even the possibility of another global recession. you would think it would be a motivation to get things done. if you listen to what's said publicly, see if they're working out a deal privately, there are staff level conversations but most of the big voices dug in. >> you had a fascinating interview with the head of the international monitoring fund, it will air sunday on "state of the union." let me play a clip. what happens in fiscal cliff negotiations in washington could have a huge impact around the world. >> there's still that degree of uncertainty that fuels doubt, that prevents investors, entrepreneurs, households from making decisions because they don't know what tomorrow will be. they know that a fix has been found for today but there is still work to be done tomorrow and day after tomorrow. so it wou
cliff. >> how does it play into fiscal cliff negotiation? >> you would think it gives them a sobering sense of if we do the right thing, maybe the economy keeps growing, if we do the wrong thing, might tip the united states. some think even the possibility of another global recession. you would think it would be a motivation to get things done. if you listen to what's said publicly, see if they're working out a deal privately, there are staff level conversations but most of the big...
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>>> there are new development in the fiscal cliff negotiations. cnn has just learned that house republican leaders have sent the white house a counteroffer on tax and entitlement reform. let's bring in our capitol hill senior correspondent dana bash who's got the details. what have we learned? >> we learned that, as you said, the republicans have sent to the white house an offer that they describe as something that is significant with regard to tax and entitlement reform. of course, those are the two tranches that we're talking about here. they are being very -- holding their cards very close to the vest in terms of what specifics these are but apparently it's a counteroffer to something the white house sent to them yesterday. we don't know the details. this is good news for both sides. republicans saying earlier that the white house has to give them more spending cuts. but this is really key because the first thing they have to do, wolf, is get those top line numbers. they are not talking specifics, what kind of tax rates, how much to do. they ar
>>> there are new development in the fiscal cliff negotiations. cnn has just learned that house republican leaders have sent the white house a counteroffer on tax and entitlement reform. let's bring in our capitol hill senior correspondent dana bash who's got the details. what have we learned? >> we learned that, as you said, the republicans have sent to the white house an offer that they describe as something that is significant with regard to tax and entitlement reform. of...
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for an agent, call the number that appears on your screen. >>> so how do you make the fiscal cliff negotiations funny? let's check in to see what some of the late-night comics are saying. >> you know, it's a special time of the year. we've been looking forward to it for months now. everywhere you go you can see the twinkle in little children's eyes because they know in a few short weeks the fiscal cliff is coming to town. ma merry cliff-mas. jim? >> the president is asking for $1.6 trillion. >> entitlement reform. >> discretionary spending. [ applause [ applause ] >> i'm back. what happened? >> they are still trying to reach a resolution in the fiscal cliff talks. it's getting a little heated between president obama and speaker boehner. take a look at what they've been saying to each other. yesterday obama said, quote, if we can get some leadership on the republican side, we can probably solve this in about a week. it's not that tough. boehner then responded saying, quote, i've sent the president our proposal. if he doesn't like our plan, he should come back with a plan of his own. obama respon
for an agent, call the number that appears on your screen. >>> so how do you make the fiscal cliff negotiations funny? let's check in to see what some of the late-night comics are saying. >> you know, it's a special time of the year. we've been looking forward to it for months now. everywhere you go you can see the twinkle in little children's eyes because they know in a few short weeks the fiscal cliff is coming to town. ma merry cliff-mas. jim? >> the president is asking...
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still ahead on "starting point" a little movement on the fiscal cliff with new proposals on the table from both sides. going to talk about that. some conservatives say they think boehner should step away from the negotiating table. we'll talk to tennessee congresswoman marcia blackburn about that. >>> a viewer writes to a black meteorologist saying she needs to grow hair or wear a wig. it's not something i think looks good on tv so she responded on facebook very nicely said something at the end "have a nice day," got her fired. we'll talk about her story, when we return, in just a moment. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world u
still ahead on "starting point" a little movement on the fiscal cliff with new proposals on the table from both sides. going to talk about that. some conservatives say they think boehner should step away from the negotiating table. we'll talk to tennessee congresswoman marcia blackburn about that. >>> a viewer writes to a black meteorologist saying she needs to grow hair or wear a wig. it's not something i think looks good on tv so she responded on facebook very nicely said...
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. >>> in this fiscal cliff mess, i don't know whether we need a presidential historian, a political strategist or hostage negotiator to help out in the talks now at this point. either way it's getting close to deadline. this morning we have brand new details about the negotiations. that's next. gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> welcome back. 43 minutes past the hour. soledad o'brien is with us with a look at what's coming up on "st
. >>> in this fiscal cliff mess, i don't know whether we need a presidential historian, a political strategist or hostage negotiator to help out in the talks now at this point. either way it's getting close to deadline. this morning we have brand new details about the negotiations. that's next. gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism...
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host: how will the fiscal cliff negotiations affect you? will you lose benefits? caller: i will lose benefits at the end of december, and i will have to go on county assistance to see what they can do to help, but i would rather go back to work. i started picking work when i was 12 years old. host: what are you doing to prepare for the scenario? caller: i am trying to get my ged but i have always had a problem with education. guest: this is a huge issue. people like john are not at the negotiation table. it is tough to consider the full range of decisions. what we find time and time again is that the education and skills component of helping unemployed workers get back into the workforce is a big obstacle. we have 40 programs on the federal level to deal with that, but based on analysis out of rutgers university, is usually people that have been able to find their own education path and get their own skills and out of these government programs have been the most successful. that is a problematic dynamic. host: lisa is next from texas on the independent line. good
host: how will the fiscal cliff negotiations affect you? will you lose benefits? caller: i will lose benefits at the end of december, and i will have to go on county assistance to see what they can do to help, but i would rather go back to work. i started picking work when i was 12 years old. host: what are you doing to prepare for the scenario? caller: i am trying to get my ged but i have always had a problem with education. guest: this is a huge issue. people like john are not at the...
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cliff negotiations. but now we want to open up the phones. and if you have questions for mr. goldfarb about the so-called fiscal cliff negotiations and tax issues, the numbers are up on the screen. 202-5853. and of course you can also contact us via social media. we'll pull put up those addresses as well. and you can send an email to journal@c-span.org. now, we have this tweet for you, mr. goldfarb. guest: i think dozens of them are for businesses and i don't knowify want to describe them as -- know if i want to describe them as corporate welfare, but as was mentioned, the research and development tax credit, the tax credits to motorsports complexes, otherwise known as nascar tax break, there are tax breaks for retailers, for restaurants, for railroads. the list goes on. so a lot of them are for businesses. host: independence day tweets in -- guest: i'm not exactly sure who is responsible for that provision originally. but it's not very expensive. that's one of the reasons why something like that will ke
cliff negotiations. but now we want to open up the phones. and if you have questions for mr. goldfarb about the so-called fiscal cliff negotiations and tax issues, the numbers are up on the screen. 202-5853. and of course you can also contact us via social media. we'll pull put up those addresses as well. and you can send an email to journal@c-span.org. now, we have this tweet for you, mr. goldfarb. guest: i think dozens of them are for businesses and i don't knowify want to describe them as --...
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tomorrow, we will talk about the latest news about the so-called fiscal cliff negotiations with a former congressional budget office director. then a look at the lobbying going on in washington. later, a look at developments in syria and the response from the international community. "washington journal" here on c- span. this week, we will have the vermont governor and new chairman of the democratic governors' association, who will talk about the fiscal cliff and laying the groundwork for the 2013 and 2014 elections. lives on sunday at 10:00 a.m. eastern. next, a quick look at president obama and the first family last week at the national christmas tree lighting ceremony. ♪ [applause] >> merry christmas, everybody! >> it is great to see you all. happy holidays. happy holidays, mr. president. >> is it time? i think it's time. i hope everybody is ready. we have to do the countdown. starting with five. 5, 4, 3, 2, 1. [cheers] ♪ >> merry christmas, everybody. ♪ >> please welcome the director of washington and st. john's church. >> let us about our heads in prayer. let us prey. gracious
tomorrow, we will talk about the latest news about the so-called fiscal cliff negotiations with a former congressional budget office director. then a look at the lobbying going on in washington. later, a look at developments in syria and the response from the international community. "washington journal" here on c- span. this week, we will have the vermont governor and new chairman of the democratic governors' association, who will talk about the fiscal cliff and laying the groundwork...
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then all look at the lobbying going around the fiscal cliff negotiations by clients in washington. our guest is anna palmer. and later a discussion on syria and the response from the international community. live at 7:00 a.m. eastern here on c-span. this week on news makers, the vermont governor and chair of the democratic governors' association peter shumlin. he talks about the fiscal cliff and laying the groundwork for the 2013-2014 election. that is at 10:00 a.m. eastern on c-span. >> in president obama's weekly address, he talks about tax policy, the tax cuts put in place by the previous administration that will expire at the end of the year. then the republican address on the economy, jobs, and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or loses in washington. it's about making
then all look at the lobbying going around the fiscal cliff negotiations by clients in washington. our guest is anna palmer. and later a discussion on syria and the response from the international community. live at 7:00 a.m. eastern here on c-span. this week on news makers, the vermont governor and chair of the democratic governors' association peter shumlin. he talks about the fiscal cliff and laying the groundwork for the 2013-2014 election. that is at 10:00 a.m. eastern on c-span. >>...
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i would even submit that in this day of critical fiscal cliff negotiations, that if mr. latham , mr. boswell were conducting negotiations, we would be going home for christmas by sundown today. thank you. i yield back. mr. latham: i would like to recognize the gentleman from wisconsin, mr. petri. mr. petri: i thank my colleague from iowa. i actually want to echo the words of nick rahall in commending both of you gentlemen, especially tom, for organizing this special order. i think it says something about each of your character and your respect for the process and for this institution. we hear a lot about how the camaraderie or the good will has deteriorated in this body, but i think at least insofar as iowa politics is concerned, that's not the case. there are strong differences but there's also strong respect. and recognition that we are working on something that's greater than all of us. we are trying to do our best for the american people and for our country. i got to know leonard boswell and his wife, i don't know if you remember this, but i think it was in hershey,
i would even submit that in this day of critical fiscal cliff negotiations, that if mr. latham , mr. boswell were conducting negotiations, we would be going home for christmas by sundown today. thank you. i yield back. mr. latham: i would like to recognize the gentleman from wisconsin, mr. petri. mr. petri: i thank my colleague from iowa. i actually want to echo the words of nick rahall in commending both of you gentlemen, especially tom, for organizing this special order. i think it says...
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fiscal cliff negotiations. house speaker john boehner and the white house traded a second round of proposals yesterday on the budget cus that begin to take effect in january of 2013. this is nearly half an hour. >> good morning, everyone. i'm really proud to stand here today with the house republicans and my colleagues to tell a very important story and it's a story of hard working americans and their families. and let me tell you there's no story that is more powerful. the story of all americans, it's the story of moms an dads, husbands and wives, grandparents that work hard and sacrifice, so that they can leave a better america to their children and their grandchildren. and as the debate is looming over the fiscal cliff, we stand here to fight for those hard working americans and their families. because as the federal government grows larger and larger, the middle class is squeezed more and more. and as i -- i'm a mom. i have two kids. when my daughter was born two years ago, her share of the national debt wa
fiscal cliff negotiations. house speaker john boehner and the white house traded a second round of proposals yesterday on the budget cus that begin to take effect in january of 2013. this is nearly half an hour. >> good morning, everyone. i'm really proud to stand here today with the house republicans and my colleagues to tell a very important story and it's a story of hard working americans and their families. and let me tell you there's no story that is more powerful. the story of all...
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and he has been very involved in the fiscal cliff negotiations. and before he was a center, but before he was a senator, he was the governor of virginia. and steve case, chairman of the case foundation, a co-founder of america online, a rabbit twitterer -- and i feel like i know every detail of your life, steve, had a relentless proponent on entreneurship. each panelists get sick 5-7 minutes -- each panelist gets a five-seven minutes to discuss the topic, and we will have a conversation, and then we will open that up to you and hopefully get to all of your comments and questions. if we will start with president sullivan. >> thank you. i am delighted to be here this evening because the topic is important panelists are interesting, but also because this conference recognizes mort kaplan, a great benefactor of uva, and i am pleased to have the opportunity to speak on behalf of tonight. we're talking about immigration policy and the ability to extract high skilled immigrants. especially scientists, engineers, business people who contribute to innovati
and he has been very involved in the fiscal cliff negotiations. and before he was a center, but before he was a senator, he was the governor of virginia. and steve case, chairman of the case foundation, a co-founder of america online, a rabbit twitterer -- and i feel like i know every detail of your life, steve, had a relentless proponent on entreneurship. each panelists get sick 5-7 minutes -- each panelist gets a five-seven minutes to discuss the topic, and we will have a conversation, and...
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and as the fiscal cliff negotiations continue we spoke earlier today with a capitol hill reporter. >> what was the purpose of speaker boehner's appearance to speak about the fiscal cliff? >> you saw each major congressional player give some sort of speech but i think anything happening of consequence is happening between speaker bayne around the president and it's happening in a closely guarded, off-camera, way, they're actually trying to negotiate a deal and the rule of washington is when a deal is being done, people don't talk about it. when a deal is collapse, you know because they're both shouting about what the other side is doing. you saw speaker boehner and senate leader mitch mcconnel and jay carney from the white house press room, nancy pelosi, and harry reid saying we still want to see what they're willing to do before we move forward. it's the same line we've heard for a long time, we're just closer to the deadline now. >> in harry reid's comments he seemed to give an indication of a timetable. did he seem optimistic or pessimistic about getting it done? >> he seemed pessim
and as the fiscal cliff negotiations continue we spoke earlier today with a capitol hill reporter. >> what was the purpose of speaker boehner's appearance to speak about the fiscal cliff? >> you saw each major congressional player give some sort of speech but i think anything happening of consequence is happening between speaker bayne around the president and it's happening in a closely guarded, off-camera, way, they're actually trying to negotiate a deal and the rule of washington...
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. >> at these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem. it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes in order to pay for more spending. this will only hurt our economy, ernston young has done an analysis of the president's proposal. and said that it would cost 700,000 jobs, at a time when our economy continues to struggle. there's a better way and the speaker has laid it out. it is an approach that calls for tax refoach. -- reform. by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america desperately wants. and we stand here ready to take the action necessary. >> american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem.
. >> at these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem. it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes in order to pay for more spending. this will only hurt our economy, ernston young has done an analysis of the president's proposal. and said that it would cost...
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. >> yesterday afternoon, i came to the floor and offered president obama's proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks ago before a potentially entirely avoidable blow to the economy, the president proposed a plan the members of his own party will even vote for. he is not interested in a balanced agreement, not particularly interested in avoiding the fiscal cliff, and clearly not interested at all in cutting any spending. with the president is really in, as we learned just yesterday, is getting as much taxpayer money as he can, first by raising taxes on small businesses who he believes are making too much money, and then on everybody else. not so he can lower the debt or the deficit, but so he can spend to his heart's content. for months, the president has been saying that all he wanted to raise taxes on the top 2% so he can tackle the debt and the deficit. however, yesterday, he finally revealed that that is not really is true intent. by demanding the power to raise the debt limit w
. >> yesterday afternoon, i came to the floor and offered president obama's proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks ago before a potentially entirely avoidable blow to the economy, the president proposed a plan the members of his own party will even vote for. he is not interested in a balanced agreement, not particularly interested in avoiding the fiscal cliff, and clearly not...
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cliff negotiations which are ongoing. republican senators have spoken to people in the white house today. this is no serious way to negotiate out here on the senate floor. at the end, the republican leader is complaining because president obama wants the rich to pay their fair share. and as usual, republicans are defending the rich, holding tax cuts for middle class hostage. at the first of the year, unless we work something out, the taxes will go up for people making less than $250,000 a year, an average of $2,200 each -- not per family -- each person. the senate has already passed the centerpiece of president obama's offer. and his offer has always been the same. we are not going to go through the same thing we've gone through here for years where we lay out different ways to cut spending, and there's never any revenue. the president has made it very, very clear. we have already passed the president's proposal. that is to make sure that people making less than $250,000 a year are not burdened with $2,200 each after the
cliff negotiations which are ongoing. republican senators have spoken to people in the white house today. this is no serious way to negotiate out here on the senate floor. at the end, the republican leader is complaining because president obama wants the rich to pay their fair share. and as usual, republicans are defending the rich, holding tax cuts for middle class hostage. at the first of the year, unless we work something out, the taxes will go up for people making less than $250,000 a year,...
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cliff negotiations. the president has made his offer. he wants to increase taxes, add more stimulus spending, ignore the entitlement spending that is the true driver of our debt, and hold campaign-style rallies around the country to try to convince people it's not his fault if we go over the fiscal cliff. president obama clearly enjoys campaigning. but, mr. president, the election is over. it's time for him to stop campaigning and to start leading. this means giving up his stubborn insistence on raising tax rates and instead focusing on raising revenue through tax reform and economic growth. it means doing something on these fundamental issues of tax policy that both sides agree on. that way, mr. president, american families won't get hit with these massive tax increases. thank you, mr. president. i yield the floor. a senator: mr. president? the presiding officer: the senator from missouri. mr. blunt: mr. president, the last few days the senate's worked like the senate should work. we've had amendments.
cliff negotiations. the president has made his offer. he wants to increase taxes, add more stimulus spending, ignore the entitlement spending that is the true driver of our debt, and hold campaign-style rallies around the country to try to convince people it's not his fault if we go over the fiscal cliff. president obama clearly enjoys campaigning. but, mr. president, the election is over. it's time for him to stop campaigning and to start leading. this means giving up his stubborn insistence...
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during the fiscal cliff negotiations, some have possible ited that all -- posited that all that is at stake is a return to the tax rates of the clinton era. but that is not what is happening with tax rate on capital gains. during the latter part of the clinton era, a republican majority in congress was able to get agreement on cutting the top tax rate on capital gains to 20% at that time. if the tax rate on capital gains remains at the 2012 rate of 15%, coupled with the new 3.8% tax on net investment income, capital gains will be taxed at 18.8% very close to the clinton era rate. a 5% increase on the tax on capital gains coupled with the increases imposed by obamacare will result in a rate of 23.8%, well above the tax rate on capital gains at the end of the 1990's. and we should not go down this road. this is said specifically by the senator who along with senator lieberman pushed very hard for these lower capital gains rates. it was a hatch-lieberman bill that really was instrumental in bringing these rates down to the current level. there are a number of arguments on behalf of prefe
during the fiscal cliff negotiations, some have possible ited that all -- posited that all that is at stake is a return to the tax rates of the clinton era. but that is not what is happening with tax rate on capital gains. during the latter part of the clinton era, a republican majority in congress was able to get agreement on cutting the top tax rate on capital gains to 20% at that time. if the tax rate on capital gains remains at the 2012 rate of 15%, coupled with the new 3.8% tax on net...
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between the president and congress as we face the fiscal cliff. he said at one point that the president is calling for raising taxes $1.6 billion. that's true. but i would call to his attention the fact that the simpson-bowles commission suggested that 40% of the $4 trillion in deficit reduction come from revenue in taxes. what the president is suggesting is entirely consistent with that bipartisan group's call for more revenue in taxes as part of our deficit reduction. the president's made it clear, though, he wants to protect and insulate middle-income families from any income tax increases, and i agree with him. we should not raise the income taxes on those making less than $250,000 a year. i voted that way in july. we sent the bill to the house. it sits there. it languishes in the house because the speaker won't call it. he has his chance this week or the next to call that bill on the floor of the house of representatives to avoid any tax increase on middle-income families. that's an important thing for us to get done before we leave at the en
between the president and congress as we face the fiscal cliff. he said at one point that the president is calling for raising taxes $1.6 billion. that's true. but i would call to his attention the fact that the simpson-bowles commission suggested that 40% of the $4 trillion in deficit reduction come from revenue in taxes. what the president is suggesting is entirely consistent with that bipartisan group's call for more revenue in taxes as part of our deficit reduction. the president's made it...
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cliff negotiations. he tells cnn he is starting to see more and more republicans coming around to the idea of raising taxes on the top 2%. there is a letter that acknowledges that there is just so much that individual members can do at this point. after the election, we saw more than 65 petitions pop up on a white house webpage people asking that their state succeed from the union. puerto rico may be going the other direction. the majority of voters want in. some officials say the two-part question on the ballot was confusing and unclear, and not an indication that people there want to be a part of the united states, but others say the change is definitely coming. we're back after the break. come with us. ♪ every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around th
cliff negotiations. he tells cnn he is starting to see more and more republicans coming around to the idea of raising taxes on the top 2%. there is a letter that acknowledges that there is just so much that individual members can do at this point. after the election, we saw more than 65 petitions pop up on a white house webpage people asking that their state succeed from the union. puerto rico may be going the other direction. the majority of voters want in. some officials say the two-part...
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senator susan collins of maine tells sawyer that when it comes to the current on-going fiscal cliff negotiations, it would be better if the women were running the show. >> i think if we were in charge of the senate and of the administration, that we would have a budget deal by now. >> go, girl power! now that we're coming up at the end of the year, we're getting a chance to take a look at what set records and who should have set the record straight. first of all twitter has revealed the most retweeted tweet of the year. and it is this photo. if we could -- there you go. from the obama campaign. it popped up election night with the caption four more years. within hours, it not only became the top retweet of the year but the top retweet ever. people in more than 200 countries around the world shared the photo of the president hugging the first lady. and politifact.com says that the romney campaign has the dishonor of having the lie of the year! that would be president obama sold chrysler to italy which would then move u.s. jeep production to china. chrysler denied the claim. the media said it was
senator susan collins of maine tells sawyer that when it comes to the current on-going fiscal cliff negotiations, it would be better if the women were running the show. >> i think if we were in charge of the senate and of the administration, that we would have a budget deal by now. >> go, girl power! now that we're coming up at the end of the year, we're getting a chance to take a look at what set records and who should have set the record straight. first of all twitter has revealed...
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fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those t
fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose...
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fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our think tanks welt tell you ideal he is leaving and more. current news update, standing buy in los angeles lease a ferguson. hi, lease a. good morning. >> hey, bi. good morning, everyone. we are awaiting the jobs report this morning out in the next and we are expecting to hear 80,000 jobs created last month. >> that's less than half the jobs we saw in october, but economists are saying don't put too much weight on those numbers. the down turn in growth is likely thanks to hurricane sandy making it near impossible to tell whether hiring is getting better or worse
fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our...
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that tells me that there's going to be a lot of fiscal cliff negotiations privately going on throughout the day. or else maybe he's going back to ohio. who knows. jay carney will have a briefing at 1:00 and i will be there and i will tell you all about it tomorrow. oh my goodness! oh my gosh this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15 seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to red lobster. yep. [ male announcer ] come try our new menu and sea food differently! and introducing 7 lunch choices for just $7.99. salad, sandwiches, and more. [ ♪ theme ♪ ] >> bill: hello friends and neighbors, fellow americans good morning and welcome to the "full court press." here on current tv. it is tuesday morning. december 11. i'm bill press. liberal and proud of it. proud to bring you the only progressive morning show anywhere on cable television. called the "full court press." are you par
that tells me that there's going to be a lot of fiscal cliff negotiations privately going on throughout the day. or else maybe he's going back to ohio. who knows. jay carney will have a briefing at 1:00 and i will be there and i will tell you all about it tomorrow. oh my goodness! oh my gosh this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15 seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with...
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. >> all of you negotiators who are now negotiating on this so-called fiscal cliff and stuff. keep your hands off medicare and keep your hands off medicaid. >> stephanie: that's what i was just saying in the article on the hill. it warms the cockles of my liberal heart. >> you almost said cobbles. >> stephanie: i wonder if he says -- >> roger hedge corn. >> stephanie: senator jay rockefeller echoed the thoughts. >> we're not budging on medicare or medicaid. >> stephanie: hooray! here's other good news. [ ♪ "world news tonight" ♪ ] dozens of republicans open to bucking the norquist pledge. for all of the talk of his ironclad grip on the g.o.p., a large and growing numbers say they have renounced his pledge. i love the stories and they talk about what would be acceptable to grover or not or -- who cares! who is this guy? >> i'll call. >> poopy head. >> stephanie: until a final deal emerged tough to predict his response. who cares! >> what power does he have? >> stephanie: there goes the norquist. senator mitch yesterday. >> i think it is going to be extremely difficult to ge
. >> all of you negotiators who are now negotiating on this so-called fiscal cliff and stuff. keep your hands off medicare and keep your hands off medicaid. >> stephanie: that's what i was just saying in the article on the hill. it warms the cockles of my liberal heart. >> you almost said cobbles. >> stephanie: i wonder if he says -- >> roger hedge corn. >> stephanie: senator jay rockefeller echoed the thoughts. >> we're not budging on medicare or...
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cliff rather than just sit down and negotiate with republicans at the table and make no mistake this is far from some obscure conspiracy theory. this is becoming the frightening political reality for the entire country. what you're seeing now is a man who thinks he has free reign. watching someone who believes he was re-elected with a mandate to do whatever he pleases. he's ignoring the fact that a republican majority remains in the u.s. house of representatives and a majority that was sent there to cut spending and oppose his tax hikes. >> they were sent there because of gerrymandering. >> stephanie: a million more people voted for democrats for the house. wow! i bet you said all of the exact same things when george bush won, right? >> chat room wonder ifs sean hannity can please plummet off a cliff. >> computer says no. >> stephanie: he bounces like a bumble. grover norquist on msnbc. >> now he gets re-elected with less strength, not against a war hero but against a guy from massachusetts and the republicans have the house and he thinks somebody made him king and he's going to have
cliff rather than just sit down and negotiate with republicans at the table and make no mistake this is far from some obscure conspiracy theory. this is becoming the frightening political reality for the entire country. what you're seeing now is a man who thinks he has free reign. watching someone who believes he was re-elected with a mandate to do whatever he pleases. he's ignoring the fact that a republican majority remains in the u.s. house of representatives and a majority that was sent...
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fiscal cliff -- [ ♪ "world news tonight" ♪ ] whatever. fiscal negotiations -- they're not really negotiations. >> they're just kind of screaming at each other. >> laws saying how women can't date postal workers it just dates out that way. >> stephanie: the fiscal worker cliff clavin is upon us. >> i don't want to do it. the president doesn't want to do it but we need to solve the problem. we cannot allow the reckless position to drive this economy into another recession. a recession which the republicans will own. >> stephanie: by the way, you can tell they're still just playing politics with this. representative john duncan, republican of tennessee said why they're refusing to give in on the tax cuts. he won't vote to extend tax cuts to 98% of americans because doing so would give control to the democrats. it is not about what's best for the american people. it is about what's best for the republican party. >> i think they should go with that suicidal idea that jim o'reilly was saying. >> jim, stop it. >> jim ward. >> stephanie: jim, jim
fiscal cliff -- [ ♪ "world news tonight" ♪ ] whatever. fiscal negotiations -- they're not really negotiations. >> they're just kind of screaming at each other. >> laws saying how women can't date postal workers it just dates out that way. >> stephanie: the fiscal worker cliff clavin is upon us. >> i don't want to do it. the president doesn't want to do it but we need to solve the problem. we cannot allow the reckless position to drive this economy into...
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this is all good news as the president continues to negotiate to stop us from going over the fiscal cliff. vice president biden picks up the road show today. he is having lunch with some people but where and exactly with whom has yet to be made public. it has gotten more than a hundred thousand stories from people talking about how the tax incries would affect their families. there is a second round of advertisements today pushing lawmakers to not just make a deal, but to make a deal that protects social benefit programs. >> if the politicians in washington negotiate a bad deal on the bucket and deficit, what do you think will happen to medicare and medicaid benefits. >> it stars two senator and two republican reps. cnn reports the labor unions are spending more than a half of million dollars on this round of spots. we're back with more steph after the break. stay with us. ♪ going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or th
this is all good news as the president continues to negotiate to stop us from going over the fiscal cliff. vice president biden picks up the road show today. he is having lunch with some people but where and exactly with whom has yet to be made public. it has gotten more than a hundred thousand stories from people talking about how the tax incries would affect their families. there is a second round of advertisements today pushing lawmakers to not just make a deal, but to make a deal that...
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Dec 6, 2012
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the day started with -- on the fiscal cliff. no real progress made. in fact, one thing we want to talk to congresswoman donna edwards about is the fact that congress is so not happening right now and negotiations so not happening that congress -- members of congress went home last night. president obama very much on the case, went out yesterday morning to meet with members of the business roundtable and he told members of the roundtable first of all that they -- there's absolutely part of the equation has to be raising rates on the top 2% of americans. without that there won't be any deal. president obama with the business roundtable. >> any formula that says we can't increase tax rates probably only yields about $300 to $400 billion realistically. that's well short of the amount of revenue that's needed for a balanced package. >> bill: just won't cut it. the president said. he also appeared yesterday morning on tom joyner's radio show. and said if you want a deal, if you want a compromise, there's only one way to get there and that's the one thing mi
the day started with -- on the fiscal cliff. no real progress made. in fact, one thing we want to talk to congresswoman donna edwards about is the fact that congress is so not happening right now and negotiations so not happening that congress -- members of congress went home last night. president obama very much on the case, went out yesterday morning to meet with members of the business roundtable and he told members of the roundtable first of all that they -- there's absolutely part of the...
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everyone is this availing the economic data and the fiscal cliff. what is more important is how the jobs data affect negotiations on the fiscal left. it is up for jobs report tomorrow it will affect the negotiations and there will be urgency to get something done because everyone concerned about getting jobs. it nicole: everyone is concerned about jobs. back to you. ashley: thank you so much. back in 15 minutes. like a rudderless ship floating in the ocean, the markets description of the day. tracy: poetic. this is not. housing and urban development secretary shaun donovan on hot seat on capitol hill is grilled on the f h a and whether taxpayers foot the bill for multibillion-dollar bailout. gerri willis has this story. we have been waiting for this. gerri: that is will be looking at. off the top of my head. shakespeare is clocking in his grave right now. ashley: quite an image of. gerri: let's talk about fha and how much trouble they are in. they guarantee the mortgage loans. not that they are actually making them but the agency has lost $70 billio
everyone is this availing the economic data and the fiscal cliff. what is more important is how the jobs data affect negotiations on the fiscal left. it is up for jobs report tomorrow it will affect the negotiations and there will be urgency to get something done because everyone concerned about getting jobs. it nicole: everyone is concerned about jobs. back to you. ashley: thank you so much. back in 15 minutes. like a rudderless ship floating in the ocean, the markets description of the day....
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Dec 10, 2012
12/12
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cliff negotiations. while there are outlines of what a possible compromise could look like, liken stead of raising tax rates to 39.6% which was the clinton-era rate, maybe go to 37% and close some loopholes and deductions. there are still not indications that house republicans are willing to do that. and on the spending side, which really if you look at the media across the board, there hasn't been a lot of focus on it at all. the spending side. and what spending cuts are on the table. we haven't heard anything specific about what is in addition to what's been out there from the very beginning. jon: right because the republicans claim the country doesn't have an income or a revenue problem it has a spending problem, and that's where republicans say the bulk of the savings, or the rescue plan for this -- this budget is going to come. >> reporter: sure, i mean you have some proposals that are out there, for example, means testing, medicare, social security. you have adjustments to consumer price index with
cliff negotiations. while there are outlines of what a possible compromise could look like, liken stead of raising tax rates to 39.6% which was the clinton-era rate, maybe go to 37% and close some loopholes and deductions. there are still not indications that house republicans are willing to do that. and on the spending side, which really if you look at the media across the board, there hasn't been a lot of focus on it at all. the spending side. and what spending cuts are on the table. we...
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Dec 10, 2012
12/12
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but looked at strictly economically, forget the politics here, forget fiscal cliff, forget negotiations. you just look economically, raise taxes, you don't get all the money you think you are going to bring in. >> brian: real quick, kevin mccarthy, one of the young guns, was on "metropolitan the press" and said, good news. revenues are up 10%. that's because we seem to be turning around economically. here is the bad news, spending is up 16%. why? he's trying to explain to a very reluctant david gregory, why should we consider raising tax when is clearly the revenue is up, but the spending is up higher? >> the president wants to raise tax rates on people making more than 250,000. he thinks that will bring in $82 billion in one year. the experience of california and other countries is that you will not bring in $82 billion. you bring in less. >> brian: sadly, it's just about getting a trophy and saying i told you i would do it. >> that's the politics of it. >> brian: varney and company might want to pick this up at 9:20 eastern time. >> always take your advice. >> brian: i'll put it in wr
but looked at strictly economically, forget the politics here, forget fiscal cliff, forget negotiations. you just look economically, raise taxes, you don't get all the money you think you are going to bring in. >> brian: real quick, kevin mccarthy, one of the young guns, was on "metropolitan the press" and said, good news. revenues are up 10%. that's because we seem to be turning around economically. here is the bad news, spending is up 16%. why? he's trying to explain to a very...
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Dec 8, 2012
12/12
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you said that the president's strategy in these fiscal cliff negotiations is nothing but a power play, and in a previous column you actually used the words they want to humiliate the republicans. expand on that and explain that. >> well, you get the republicans the day after election day making good faith offers, boehner breaking with 20 years of tradition says we'll give you revenues, $800 million, and that's a real break for the republicans. that's a peace pipe. what does he get in return? the president sends the treasury secretary, geithner, to boehner and to mcconnell. he pockets the $800 billion. he double ths it and says i want 1.6 trillion. he demand not only no spending cuts of any importance but increased stimulus in spending which is preposterous when you're running trillion dollar deficit. and just to add insult, and here's the insult, he demands congress give up the power to control the deficit. that's obviously meanlt to humiliate the republicans. it's a non-starter. it's not acceptable. it's a way of saying to boehner you want to hand me your sword, you want to hand me y
you said that the president's strategy in these fiscal cliff negotiations is nothing but a power play, and in a previous column you actually used the words they want to humiliate the republicans. expand on that and explain that. >> well, you get the republicans the day after election day making good faith offers, boehner breaking with 20 years of tradition says we'll give you revenues, $800 million, and that's a real break for the republicans. that's a peace pipe. what does he get in...